Does It Make Sense To Get Solar Panels In 2017

Published july 11 2017.

Does it make sense to get solar panels in 2017.

Compare that to your home s energy use to see how you can shift large loads and minimize what you buy from your utility. The payback period to recoup the cost of the system would simply be too lengthy. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. And there s never been a better time to think about making the leap.

And while the cost of solar panels has dropped more than 70 since 2010 according to the solar energy industries association batteries can cost as much as 10 000 to 15 000 including installation according to solar united neighbors. Don t let the clouds fool you. In a nutshell if you have solar on your roof the panels create electricity and the system s electrical panel sends power to your lights and appliances. It just wouldn t make economic sense assuming you own rather than lease the solar panels.

West facing solar panels get less sun than those that face south but it s not. With the continual rise in electricity costs more and more massachusetts residents are considering getting solar energy systems for their homes. Published on 05 31 2017 in. Get the most from your solar investment by seeing how much energy you produce and when.

How are you financing your solar panel system. In the northern hemisphere the sun crosses the sky a little to the south which means putting solar panels on a south facing roof is the best way for homeowners to capture the most solar energy. The observations on the wildly uneconomical roof top installations are accurate. This blog was originally published on october 19 2015 and has been updated to reflect current tips and trends for homeowners considering solar panels in 2017.

A recent analysis says chicago has plenty of solar potential. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. While solar leases and power purchase. On the other hand if your main reason to install solar is to cut pollution not save money then solar would make sense.

Sense solar connects the dots and removes the guesswork. As far as utility scale applications rather doubt they make much economic sense. An average sized residential system has dropped from a pre incentive price of 40 000 in 2010 to roughly 18 000.